Rightfoot

Rightfoot

Platform for secure financial data access

Overview

Rightfoot provides a platform as a service for secure authorization and access to financial data for financial institutions, fintechs, and application developers. Clients integrate via APIs to obtain up-to-date account and transaction information and rely on the platform to connect to various financial data sources. The system collects user activity data and location to tailor services while applying strong data security and regulatory compliance; revenue comes from subscriptions, transaction fees, and partnerships with financial institutions. Its goal is to make secure financial data access easy for other firms, offering broad client support and clear, practical pricing to simplify integrations and ensure reliable data availability.

About Rightfoot

Simplify's Rating
Why Rightfoot is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Data & Analytics

Enterprise Software

Fintech

Cybersecurity

Company Size

11-50

Company Stage

Seed

Total Funding

$5M

Headquarters

San Francisco, California

Founded

2018

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Simplify's Take

What believers are saying

  • The 2025 Series A from Blue Lion and Renegade funds expansion.
  • Rightfoot's 2026 docs show active product development, including CSV exports and batch APIs.
  • Open jobs in 2026 signal ongoing commercial push despite a small team.

What critics are saying

  • Plaid, MX, and Finicity commoditize balance data, crushing pricing by 2026.
  • Rightfoot's 11-50 employee size limits enterprise sales velocity against larger incumbents.
  • If lenders reject credential-less balances, Rightfoot's 2026 collections product loses its core demand.

What makes Rightfoot unique

  • Rightfoot's 2025 API offers credential-less bank and debit card balances within 1 hour.
  • Connect Magic, launched in 2023, targets consumer-permissioned data without customer logins.
  • Plaid integration history and SOC 2 compliance reinforce its financial-data infrastructure positioning.

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Funding

Total Funding

$5M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$5M
Rightfoot

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
Open Banking Expo
Aug 11th, 2023
Fintech Rightfoot secures $15m funding to launch consumer-permissioned data product

San Francisco-based fintech Rightfoot has launched its no-login consumer-permissioned data product 'Connect Magic', having raised $15 million in a Series A funding round.

FinSMEs
Aug 10th, 2023
Rightfoot Raises $15M in Series A Funding

Rightfoot, a San Francisco, CA-based provider of a zero-login consumer-permissioned data product, raised $15M in Series A funding.

Global Fintech Series
Jun 15th, 2023
BMO Selects Five Innovative Companies for WMNfintech Program to Support Progress for Women-Led Startups

BMO and 1871 announced the five companies participating in its 2023 WMNfintech program, North America's largest nonprofit fintech industry program for women-founded and women-led startups.

Consultancy-me.com
Feb 1st, 2023
Opus Talent Analytics debuts on Microsoft Azure Marketplace

Bringing together its extensive experience in the human capital domain with data analytics capabilities, in 2021 RightFoot launched its Opus Talent Analytics platform.

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